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entegris inc (ENTG) Details

Entegris, Inc. manufactures and sells a range of products and services for purifying, protecting, and transporting the critical materials used in processing and manufacturing in the microelectronics and other high-technology industries worldwide. The company operates in two segments, Critical Materials Handling and Electronic Materials. The Critical Materials Handling segment provides a range of products that filter, handle, dispense, and protect critical materials used in the semiconductor manufacturing process and in other high-technology manufacturing. This segment’s products and subsystems include high-purity materials packaging, fluid handling and dispensing systems, and liquid filters as well as microenvironment products that protect critical substrates, such as wafers during shipping and manufacturing. It also provides specialized graphite components and specialty coatings for high-temperature applications. The Electronic Materials segment offers performance materials, materials packaging, and materials delivery systems that enable semiconductor manufacturing. Its products consist of specialized chemistries and performance materials, gas microcontamination control systems and components, and sub-atmospheric pressure gas delivery systems for the safe and efficient handling of hazardous gases to semiconductor process equipment. The company serves semiconductor device manufacturers, original equipment manufacturers (OEMs), gas and chemical manufacturing companies, and high-precision electronics manufacturers; manufacturers and suppliers in the solar and life science industries; and electrical discharge machining customers, glass container manufacturers, aerospace manufacturers, and biomedical implantation device manufacturers, as well as flat panel display OEMs, materials suppliers, and end manufactures. Entegris, Inc. was founded in 1966 and is headquartered in Billerica, Massachusetts.

entegris inc (ENTG) Key Developments

Entegris, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015; Provides Earnings Guidance for the Third Quarter Ending September 26, 2015

Jul 30 15

Entegris, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, the company reported net sales of $280,709,000 against $251,578,000 a year ago. Operating income was $39,347,000 against operating loss of $23,368,000 a year ago. Income before income tax expense and equity in net loss of affiliate was $30,741,000 against loss before income tax expense and equity in net loss of affiliate of $37,064,000 a year ago. Net income was $24,448,000 against net loss of $14,669,000 a year ago. Basic and diluted earnings per share were $0.17 against basic and diluted net loss per share of $0.11 a year ago. Net cash provided by operating activities was $36,246,000 against $11,057,000 a year ago. Acquisition of property and equipment was $13,742,000 against $15,165,000 a year ago. Adjusted operating income was $53,671,000 against $47,180,000 a year ago. Adjusted EBITDA was $67,076,000 against $58,223,000 a year ago. Non-GAAP net income was $33,903,000 against $27,432,000 a year ago. Diluted non-GAAP income per common share was $0.24 against $0.20 a year ago.
For the six months, the company reported net sales of $544,082,000 against $417,382,000 a year ago. Operating income was $66,886,000 against operating loss of $4,829,000 a year ago. Income before income tax expense and equity in net loss of affiliate was $50,385,000 against loss before income tax expense and equity in net loss of affiliate of $18,509,000 a year ago. Net income was $39,320,000 against net loss of $357,000 a year ago. Basic and diluted earnings per share were $0.28. Net cash provided by operating activities was $36,114,000 against $23,469,000 a year ago. Acquisition of property and equipment were $34,230,000 against $28,945,000 a year ago. Adjusted operating income was $96,129,000 against $69,336,000 a year ago. Adjusted EBITDA was $122,853,000 against $88,211,000 a year ago. Non-GAAP net income was $59,349,000 against $44,082,000 a year ago. Diluted non-GAAP income per common share were $0.42 against $0.32 a year ago.
For the fiscal third quarter ending September 26, 2015, the company expects sales of $270 million to $285
million, net income of $18 million to $24 million, and net income per diluted share between $0.13 to $0.18 per
share. On a non-GAAP basis, EPS is expected to range from $0.20 to $0.25 per diluted share, which reflects net income on a non-GAAP basis in the range of $29 million to $35 million, which is adjusted for expected
amortization expense of approximately $12 million and integration expense of $1.5 million totaling approximately
$13.5 million or $0.07 per share.

Entegris, Inc. Launches New Line of Process Control Solutions

Jul 23 15

Entegris, Inc. has launched the InVue line of process control solutions to monitor liquid chemical delivery systems used on process tools in semiconductor manufacturing. The products allow customers to better monitor their liquid processes by providing a real-time 'window' into critical process parameters. The initial suite consists of a series of chemical concentration monitors, integrated flow controllers, flowmeters and oxygen sensors that are primarily used in CMP, plating and wet etch and clean applications. They are designed to support greater process efficiencies in front-end-of-line, back-end-of-line and sub-fab liquid chemical delivery systems by enabling reduced chemical costs and increasing wafer throughput.

Entegris, Inc. announced the release of Torrento® X Series 7 nm filters with FlowPlane™ linear filtration technology. FlowPlane is a scalable, linear, high-flow filtration platform enabling advanced wet cleaning applications for the 10 nm node and beyond. The first in a series of filters based on the linear filtration technology, the FlowPlane S model is designed for point of dispense (POD) applications, enabling improvements in both on-wafer defectivity and yield for critical wet cleaning applications. Torrento X series 7 nm filters with FlowPlane linear filtration technology improve retention and increase flow rate performance by 100% compared to similarly sized radial filters. Moreover, FlowPlane users will benefit from the format's smaller device footprint as well as improved wafer defectivity performance.

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